Does Inflation Targeting Matter? A Reassessment

This paper uses a number of identification approaches (using instrumental variables, assumptions about heteroscedasticity and panel fixed effects) to estimate the effect of inflation targeting on inflation. Generally, it finds the effect is small and insignificant.

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Year of publication:	2006-02
Authors:	Willard, Luke B.
Institutions:	Griswold Center for Economic Policy Studies, Department of Economics
Subject:	Inflation \| Monetary policy

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Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 82
Classification:	E31 - Price Level; Inflation; Deflation ; E52 - Monetary Policy (Targets, Instruments, and Effects)
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004990455